Levi Jiang lfjiang@uw.edu
Photo: The Philadelphia Inquirer
The 2025 election for New Jersey’s Governor is getting intense. The New York Times has described it as “The race features the largest field in decades. The candidates have never been more accomplished or better funded. The results could be a bellwether for midterm congressional elections.”
New Jersey is one of only two states (another one is Virginia) that holds a governor election in the year following a presidential election. For Democrats, it could reveal if they are winning back New Jersey voters who shifted right in the 2024 election. This makes the election an indicator of the popularity of the current Trump administration and the midterm elections in 2026.
As the race heats up, my story will examine the source of each
candidate’s election funds, specifically, their donations. This article
will disclose the identities of donors, and explore whether there are
any patterns worth noting.
On June 10th, Six Democrats and five Republicans will compete in the
primary on June 10th for their party’s nomination, and the winners will
advance to the final election in November. The primaries are bound to
attract public attention, and this is the right time to inform readers
about the candidates’ campaign finances.
We want to help the readers deepen their understanding of this
election and each candidate, motivate more people to vote, and
facilitate their decision-making.
There’s not so much data analysis about this election. The New York Times has an article about who the candidates are and their political stances: (https://www.nytimes.com/2025/06/02/nyregion/new-jersey-governors-race-what-to-know.html) (https://www.nytimes.com/interactive/2025/03/21/nyregion/new-jersey-governor-candidates-issues.html)
Politico also analyzed everyone’s advantages and disadvantages: (https://www.politico.com/interactives/2025/nj-governor-candidates-comparison-analysis/)
Ballotpedia made a map of the results of New Jersey county
Democratic Party conventions: (https://datawrapper.dwcdn.net/Ho3TT/3/)
At this point we know that there will be 11 candidates running for the Governor. Thoroughly analyzing all of them in a week will be difficult. Rob and I shared a great idea: analyze the top candidates in the polls. The idea of analyzing the rest of the candidates is the same as them, as is the visualization process.
According to the newest poll conducted by Emerson College Polling in mid May, both parties had shown strong leanings on their top candidate. For the Democrats, Mikie Sherrill has a clear lead at the moment, followed by Steven Fulop, Ras Baraka, Josh Gottheimer and Sean Spiller in a neck-and-neck race. For Republicans, Jack Ciattarelli is way out in front. In this story, we will focus on the donations of Mikie Sherrill and Jack Ciattarelli (endorsed by Trump).
Graphic: Emerson College Polling
The New Jersey Election Law Enforcement Commission has the
record of every candidate’s donation record, and that is where we
acquired all the data.
Q1: Who are the biggest donors for each candidate? How much did they donate? (If we can find some connections between candidates and executives from health care corporations, union members etc, we can run deeper investigations on that.)
For candidate Mikie Sherrill:
As we can see, the money they donated are the same, so it’s hard to tell who’s the “biggest” boss. According to NJ Election Law Enforcement Commission, $5,800 is the donation limit to individual candidates. Among Sherrill’s 525 donors, 178 of them (34%) had reached the donation limit.
We can also make a table of these donors:
And for candidate Jack Ciattarelli:
The top donor has drawn our attention: NJ Election Law Enforcement Commission. The record shows that Commission will provide $5.5 million public matching fund, which is also the Primary Public Fund Cap, for candidate Ciattarelli. And in exchange, Ciattarelli must follow the $8.7 million Primary Expenditure Limit. Candidate Sherrill is also qualified for the maximum public fund of $5.5 million, but she hasn’t officialy used that for her race.
Besides that, for Ciattarelli, there are 192 of 2120 donors (9%) reached the donation limit. Thus, although Sherrill had significantly fewer donations and donors than Ciattarelli, a higher percentage of her donors made big donations.
We can also dig deeper in this topic. E.g. Check the distribution of their received donations and see how many of them are big donations, and how many of them are grassroots donations (donations from individuals of less than $200). Ciattarelli once told the New Jersey Globe that “I am proud to say that thanks to an outpouring of support from residents in all 21 counties, including over $200,000 in grassroots donations of $200 or less… We are now in the strongest possible position to get our message out and win in November.” Which is somewhat true. And for Sherrill, suprisingly, none of her received donations is under $200. That probably means Sherrill is more appealing to middle and upper class, while Ciattarelli is good at geting along with the working class.
Q2: Do certain candidates receive more donations from specific
industries?
Unfortunately, the data from NJ ELEC doesn’t directly tell us what
industries are these donors working in. But if we are going to get
deeper in this topic, we can track their employer’s public record and
make classifications by ourselves.
What we do know is for every donor, they need to let ELEC know their
occupations. Based on that, we can analyze what kind of jobs do donors
have.
For Sherrill:
For Ciattarelli:
Due to the $5.5 million public fund was labled as “Null (Not
specified)”, which will impact our analysis result, we excluded that
money before making the graphic.
So we can see a clear difference here. The largest number of contributors to Sherrill were retired individuals, followed by managers, attorneys, and consultants. And the largest percentage of those who contributed to Ciattarelli were business managers, unspecified, retirees, business owners, and real estate professionals.
Q3: Are there out-state contributors making significant impacts on the election? (And also for in-state donors, we can use their zip code to find some patterns.)
For Mikie Sherrill:
64% of the contributions were from within the state. In
addition to New Jersey, supporters in 20 other states have donated to
her. The states with big donations are New York, California, Florida,
Washington, D.C., Massachusetts, and Virginia.
For Jack Ciattarelli:
94% of the contributions were from New Jersey, which is much
higher than Sherrill’s since Ciattarelli got the $5.5 million in-state
public fund. However, 0.6% of the contributions could not be traced to
the state of origin. Besides NJ, there are other 25 states have donation
records. The states with the larger donations are New York, Florida,
Pennsylvania, and California.
We can also check the number of donors for each state:
In the case of Sherrill, for example, even though the amount of donations from Connecticut was not as high as Virginia and Pennsylvania, the number of donors was actually higher. This means that more large donations come from Connecticut.
However, in this article, the number of out-state contributors are
relatively small, making it possible to produce a polarized analysis.
While the number of donors is also an important indicator of a
candidate’s popularity, we won’t prioritize it for now.
For in-state donors, their zip codes are available in the dataset, so we can analyze the donations in the area corresponding to the zip code.
For Mikie Sherrill:
Zip code 07043, which means the Upper Montclair area, has the most
donations.The donations she received are concentrated in northern New
Jersey. According to Ballotpedia, this is actually in line with what she
got in the New Jersey county Democratic Party conventions.
For Jack Ciattarelli:
Zip code 08625-0185 and the $5.5 million donation is from NJ Election Law Enforcement Commission, which doesn’t means this area’s residents donated to him. We will delete it and then draw the map.
Ciattarelli got most donations from Princeton, NJ 08540. His in-state
contributions are obviously spread over a much wider area and gave him
big popularity in central New Jersey.
https://www.nytimes.com/2025/06/02/nyregion/new-jersey-governors-race-what-to-know.html
https://www.fox5ny.com/news/trumps-pick-new-jersey-governor-jack-ciattarelli
https://www.elec.nj.gov/pdffiles/press_releases/pr_2025/pr_05292025.pdf
https://datawrapper.dwcdn.net/Ho3TT/3/
https://newjerseyglobe.com/fr/ciattarelli-raises-a-colossal-2-9-million-and-qualifies-for-a-full-match/